Quote #2

Thus those reformers, who look for a remedy by creating artificial carrying-costs for money through the device of requiring legal-tender currency to be periodically stamped at a prescribed cost:have been on the right track; and the practical value of their proposals deserves considerations. ... It is a sound thought which lies behind the stamped money.

More from John Maynard Keynes

  1. I work for a Government I despise for ends I think criminal.
  2. The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a t…
  3. In truth, the gold standard is already a barbarous relic.
  4. When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able…
  5. If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
  6. Most men love money and security more, and creation and construction less, as they get older.
  7. Words ought to be a little wild for they are the assault of thoughts on the unthinking.
  8. The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is no…

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